أثر حوكمة الشركات العائلية في تحقيق الاستدامة المؤسسية

Abstract

This study aims to measure and analyze the impact of family business governance mechanisms on achieving comprehensive sustainability, through an empirical study on Rejem Studio and Star Placo. It seeks to diagnose the reality of governance and highlight its role in enhancing the continuity of these economic entities, while mitigating the risks of failure or dissolution during generational leadership transitions within the Algerian context. The study adopted a descriptive-analytical approach, utilizing a questionnaire distributed to the managers and executives of both companies. The results revealed a statistically significant positive impact of governance mechanisms on achieving comprehensive sustainability, with their combined dimensions explaining (96.4%) of the variance in sustainability levels. Furthermore, the findings indicated that the family council represents the most influential mechanism, due to its alignment with the culture of consultation and decision-making within family businesses, followed by the board of directors and control, and then succession planning. Conversely, the family constitution did not show a statistically significant impact, which is attributed to the absence of written constitutions and a lack of awareness among employees regarding their contents and implementation mechanisms.